The GOLD PRICE rose $10.50 (0.85%) and silver rose 0.35% (oddly similar to yesterday, no?) or 6.2 cents to $17.415

Silver and GOLD PRICES are steadily, steadily advancing, I doubt not harassed by the NGM trying to slow them down. But NGM or the Easter Bunny, the SILVER PRICE must advance through $18.00 and gold through $1,300. Gold crossed above that next resistance barrier at $1,237 today. Higher is coming. Better buy some, just in case (as I currently believe) 3 October was their bottom.

Think about it: if you were the Nice Government Men charged with keeping the world from blowing apart before you quit at 5:00, what would you do?

Stocks today cratered, the Dow at one point had lost 460 points, but thank heaven, some deep pocketed buyer reached in there and brought it back up to close on 173.45 (-1.06%) down at 16,141.74. S&P lost 15.21 (0.81%) to 1,862.49

And I suspect the NGM were busy in the metals market today, because platinum lost 10.90 and palladium 30.85. The platinum market was where in 1987 they attacked gold (this was reported in the Wall Street Journal, as I remember) by shorting the platinum market, which hoodwinked those watching to sell gold.

US Dollar index tanked today on bad economic news that left folks thinking the Fed would continue its ZIRP a little longer. Fear overflowed into the junk bond markets today where they crashed, too. Dollar fell a gigantical 0.97% or 83 basis points to 85.08. Euro rose 1.34% to $1.2828 and the yen added another 1.07% to 94.36.

Dow in gold and Dow in silver tanked, down to G$268.73 (13.00 oz) and S$1,196.68 (925.56 oz), down 1.4%. Technically both have put the pedal to the metal in those downtrends.

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.